BNK Petroleum closes $35M bought-deal financing

BNK Petroleum Inc.

BNK Petroleum Inc. (TSX: BKX) has closed its bought-deal, short-form prospectus offering through a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including GMP Securities LP, TD Securities Inc., and Cormark Securities Inc.

Pursuant to the offering, BNK issued 15,910,000 common shares of the company at a price of $2.20 per common share for gross proceeds of $35,002,000.

BNK Petroleum is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays. Through various affiliates and subsidiaries, the company owns and operates shale oil and gas properties and concessions in the US, Poland, and Spain.

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